For those of you who don't know what Bitcoin is, feel free to watch the short video above before reading my post.
Now...is Bitcoin dead?
This seems to be a question I get asked quite frequently by friends and peers who have seen me as a proponent for Bitcoin since 2013. Ever since Bitcoin's historic run from $900 to $20,000 in the matter of months in 2017 and now it's "stagnant" position, people seem to have lost interest and faith.
As briefly mentioned above, I've been involved with Bitcoin since 2013 so I've witnessed the hysteria first hand and watched it unfold right in front of my eyes. Although I can't say I was an active user when Bitcoin was merely just cents, I was the first of any of my friends or anyone that I knew personally. Since I first got involved, I've seen a plethora of articles released ever so often claiming that the cryptocurrency is going to fail or "die" or that is coming to an end yet here we still are in 2019.
This leads me to bring up the question at hand, is Bitcoin dead? No. Do I ever believe that it will be dead? No.
When the hype surrounding Bitcoin was at it's highest during that 2017 run, a lot of people were obsessed with the numbers, figures & possible returns. I mean who wasn't? It felt like what some still describe as the digital gold rush. Behind all the band wagoners who were enticed solely by the numbers, there were the real "Bitcoiners" for lack of a better term. These were the people who were not just in it for the monetary aspect but for the value brought by the digital currency. Now I could go into all the technical aspects of Bitcoin but that could be a blog post by itself and there are plenty of resources out there that you can read covering this so I will not be covering that.
I'm sure that if you have heard of Bitcoin, you've probably heard of "Blockchain technology" by now as they are often stringed together in discussion. It's this Blockchain technology that is one of the reasons I believe that Bitcoin is not dead nor will it ever be. Blockchain technology in laymen's terms is the foundation and architecture behind the digital currency. For more info and to get a better understanding of how it works, you can read the following: www.investinblockchain.com/what-is-blockchain-technology/
This revolutionary blockchain technology is being integrated into businesses across the globe and is enhancing the fintech (financial technology) sector. However, not a lot of people know that blockchain technology actually existed before Bitcoin. It only really shed to light due to the attention Bitcoin received, thus most people associated the two together. Also a lot of people don't realize that Blockchain isn't just for Bitcoin, It has been utilized for digital voting, real estate land, and auto title transfers, medical record keeping, weapons tracking and much more. The possibilities of it's application are limitless.The technology to me is something that I still find fascinating on a day to day basis and I believe that it will definitely shift the financial paradigm if it hasn't already.
A lot of people were also introduced to "alt coins" such as Ethereum or Litecoin and have shifted their attention to these as they pose to be more lucrative as Bitcoin is staying pretty stagnant. Bitcoin is the forefront of cryptocurrencies as many would say and it is hard for something like that to just disappear. So maybe the "hype" has died down temporarily but there are many many people still behind Bitcoin and cryptocurrency in general. In fact, the crypto community on Twitter is quite active and there are plenty of people there discussing Bitcoin on a daily basis. I'd definitely recommend checking it out if you are looking for an active community.
I myself am still a huge advocate of Bitcoin and will be one til the day I leave this earth. I know the way I worded that might've made you think I have a bunch of Bitcoin merch I wear on a regular basis and I have tattoo of the infamous , ₿, on my left ass cheek. Although neither is true, I am still fascinated by the technology behind it and I eventually plan on implementing many of the technologies derived from cryptos into my technology ventures. I am sure I will even write another blog post in the future about how I have implemented it into business or how crypto is doing at that time.
Do I think that the price will "recover" or go up again" from whatever it is at the time I've written this? I've seen it go from $200/$300 to $20,000 so yes, without a doubt do I think it will reach that point again and surpass it. I am not a financial adviser and nor do I care whether or not you put your money into cryptocurrency or the technology behind it but mark my words, Bitcoin and Blockchain technology is ethereal and here to stay.
PS: Maybe one day if this blog goes big, I will get that tattoo ¯\_(ツ)_/¯
My real name isn't actually "Tiki", believe it or not. My name is actually Pratik (prah-teek), chances are unless you know me, you probably mispronounced that in your head. It is not Patrick, Patrik, Patik, Pritique, Pratick, or Frank. Yes, I've gotten all of those before, even Frank.... According to some, I do have a striking resemblance to my little Bitmoji character on the homepage. I will eventually add a more "realistic" picture of me at some point.
Anyhow, I acquired the nickname Tiki in the third grade when a fellow classmate decided to call me "tikitorch" which then later got shortened to Tiki and variations such as Tik, Freaky Tiki, Sneaky Tiki formed. And to be completely honest the "Tech with Tiki" idea only conjured up in my head a week before writing this. It flowed too well(at least in my head) for me to not create something with it so here I am.
Also fair forewarning: I am not an expert writer by any means.
Here are a few things about me:
I am going to keep this as brief as I can, I could probably write a whole blog in itself dedicated to events in my life but for the sake of the purpose of this blog, I will keep things concise.
• I'm 23. I'm also a Taurus for all those astrological geeks who want to judge me right off the bat
• I was born in Nepal (think Mt. Everest), moved to the US when I was three
• I became obsessed with tech at an early age primarily due to gaming #Runescape hehehehehe
• I then shifted into "hacking" due to the online gaming world and became obsessed with cyber security
• After spending a good 3-5 years messing around on both spectrums of the security industry (blackhat/whitehat), I decided that blackhat (the illegal kind) hacking wasn't a feasible career path despite how badass Hollywood movies may make it seem
• I then started a computer security business (Phyber Security) in high school after deciding I wanted to go down the IT security path (will go into this at a later point)
• Also got in trouble in high school for writing a script that escalated my normal user account privileges to admin privileges. (I swear all I wanted to do is play Runescape without being site blocked or Java/Adobe flash player update restricted) which was discovered by the IT manager who then told the vice principal and I was brought in for "questioning". Keep in mind, I knew this was going to happen and I was almost giddy in the way that it did because the vice principal offered me class credit if I disclosed what I did to the IT manager. Yup, this was the prime of my high-school career. They suspended my student account for 30 days as a consequence which meant I couldn't even login during classes to access resources or write papers. Of course, my teachers didn't know this had all gone down so it was quite easy to circumvent by having nice friends who shared their login credentials with me :D
• I submitted vulnerabilities to Google, Microsoft, Apple and Ebay and was recognized on their security hall of fame acknowledgement page (although was removed from one of them due to my partner at the time wanting to sell the vulnerability on an online market for quite the pretty penny and my 15 year old self not knowing any better, finally agreed and someone from their security department found out and voila. This shattered my teenage heart as that was my first major acknowledgement at the time and my partner was the one who made the post to sell the vulnerability itself despite me being pretty against it from the start. However, he made it up to me and we discovered a bug in a Java applet shortly after.
• Somewhere in there(2012) I also worked on a payment processor script (incorporated a bunch of payment processor APIs into one platform for ease of use for the online marketplace) which I sold privately, this opened up the entrepreneurial side of me that feeds my soul today
• Today, I am focusing on my business PhyberTech which is essentially a conglomerate of everything I have worked on and includes my computer security company (PhyberSecurity or PhyberSec for short) as a subsidiary. My goal is to turn it into a tech enterprise that I built from the ground up and hopefully create some revolutionary tech down the road
My intentions with the blog
When I thought of starting this literally a week ago, I didn't know what direction I wanted to take in it quite frankly. A couple people suggested I offer tech tips like many other people do with these sort of tech blogs. I think for now what I've decided is that I'm going to be posting tech things I find interesting or things that I am working on at the time. By choosing to focus on things that interest me, it'll be easy for me to want to take the time to post and not have to worry about catering to the rest of the world on what they want.
For now, I only plan on writing maybe once a week realistically but who knows? This is my first blog and it's more so a passion project than anything right now and I've always wanted to create a blog of some sort so I figured, why not go for it. If there's one thing you'll come to learn about me is that, if I want to do something, I do it. Life is too short to not experience a little bit of everything and to paraphrase one of my favorite quotes "For each day to have a new and different sun"